Best platforms to trade crypto in Turkey

Best crypto exchanges in Turkey in 2024

In the comparison table below, experts from TradersUnion have listed the top crypto exchanges in the area along with the criteria for the best features.

OKX

OKX Review

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An international cryptocurrency exchange called OKX (also known as OKEX) provides a variety of services for cryptocurrency traders. Spot trading, derivatives trading, staking of crypto assets, and options trading are just a few of the many trading options available on OKX. It has a solid reputation in the market, and Turkish investors are interested in OKX as well. Additionally, the platform offers competitive fees that start at 0.1% and supports over 300 cryptocurrencies.

OKX has put in place a number of strategies to serve the Turkish market, such as providing deposit options that are simple to use and a Turkish language option. Users can safely deposit TRY using this feature from any local bank account or payment method. By adhering to security guidelines and legal requirements, OKX is dedicated to providing Turkish users with a secure trading environment.

Features

• User-friendly interface

• 300 or more digital tokens

• Multiple methods of payment

Investment options

• Demo trading

• Savings

• Flash deals

• Staking

• Spot trading

• Margin trading

Bybit - Cheapest crypto exchange for active traders in Turkey

Bybit Review

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Bybit is a well-known cryptocurrency derivative exchange, headquartered in Singapore. Bybit's forte is in cryptocurrency derivatives trading, offering up to 100x leverage, and it does not mandate KYC verification for its users. For spot investors it offers over 300 coins, staking and copy trading opportunities.

Bybit is highly regarded by experts in the Turkish cryptocurrency market as one of the top exchanges. This is largely attributed to its exceptional 24/7 customer support in Turkish and the availability of its platform in Turkish. Additionally, Bybit places a strong emphasis on security, transparency, and privacy, making it a trustworthy platform for Turkish investors. By refraining from requiring KYC, it offers investors a level of privacy and ensures transparency in its assets by providing proof of reserves, which confirms a 1:1 holding of funds.

Features

• 300+ supported coins

• Up to 100x leverage on crypto

• Advanced tools supported by great technology

• Risk-free testnet environment

• Trading bots

• Very low trading fees

Investment options

• Copy trading

• Staking

• Farming

• Demo trading

Binance - best liquidity exchange in Turkey

Binance Review

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Binance has been recognized as the leading cryptocurrency exchange in Turkey for its strong emphasis on regulatory compliance and secure platform for trading digital assets. With a global reputation, Binance provides access to an extensive range of more than 350 crypto assets, diverse trading options, and industry-leading fees of 0.1%. The user-friendly interface caters to investors of all levels, making transactions simple and straightforward. Additionally, Binance employs robust security measures to instil confidence and ensure a safe trading experience for its users.

Binance's position as the leading cryptocurrency exchange for Turkish investors is bolstered by its adherence to regulatory requirements, comprehensive set of features, user-friendly interface, and advanced security measures. Additionally, Binance offers a wide array of deposit methods for Turkish Lira (TRY), such as bank transfers, Advcash, debit cards, credit cards, Google Pay, Apple Pay, and more, providing a convenient and hassle-free experience for its users.

Features

• Cold storage of digital assets

• NFT Marketplace

• Over 350 supported digital assets

• Trading tools and derivative products

• Access to DeFi services

Investment options

• Staking

• Lending

• NFT trading

KuCoin

KuCoin Review

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According to TU experts, KuCoin is an excellent choice for Turkish investors who want to trade in altcoins. This platform boasts a wide selection of over 500 cryptocurrencies, including some lesser-known coins alongside established ones. KuCoin's user-friendly interface, reasonable trading fees, and advanced trading features make it a popular choice for Turkish altcoin traders. As a result, it has emerged as a strong competitor in the Turkish market.

KuCoin presents itself as an attractive option for Turkish investors looking to trade cryptocurrencies, offering various features such as language support in Turkish and flexible deposit methods for the Turkish Lira. The platform is dedicated to providing a reliable and trustworthy trading experience by prioritising security, user privacy, and strict adherence to regulatory standards. All of these factors contribute to making KuCoin a dependable and credible choice for those looking to participate in Turkey's growing crypto market.

Features

• Over 500 supported assets

• Leverage up to x100

• Trading Bot

• Marketplace

Investment options

• Margin trading

• Lending

• Staking

• NFT trading

Huobi Global

Huobi Global Review

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After China implemented a ban on fiat-to-cryptocurrency trading, several established digital currency exchanges were forced to shut down their operations in China and migrate to other parts of the world. In the process, a few exchanges failed to resume their services, while others managed to survive. Huobi is among the successful exchanges that survived the Chinese crackdown on cryptocurrency trading.

Huobi Global is a popular digital asset exchange that has a global presence in more than 100 countries. Its foundation dates back to 2013, in China, and has since been offering investment and trading services to users worldwide. The platform caters to a diverse clientele, and it is currently one of the most significant cryptocurrency exchange platforms in Singapore. Although it was initially founded in Beijing, the company has now moved its headquarters to Singapore, making it easily accessible to traders in Turkey.

The exchange supports both ICO tokens and cryptocurrencies and emphasizes the future development of the blockchain economy. It also has a crypto trading bot feature known as “Huobi Trading Bot”, which allows Turkish traders to have the flexibility of crypto bot trading. Huobi Global also provides a platform and customer support in Turkish.

Features

• Over 400 supported assets

• Has an advanced user interface

• Trading Bot

• Smart-Chain analysis

Investment options

• Margin trading

• Flash trade

Bitexen

Bitexen Review

Bitexen was launched on May 4th, 2018, as a centralized cryptocurrency exchange based in Istanbul, Turkey. Since then, it has garnered a loyal following of over two million users and has emerged as a popular choice among crypto traders in Turkey and beyond. Bitexen is regulated by the Central Bank of the Republic of Turkey and the Financial Markets Council of Turkey, ensuring a secure and dependable platform for users. Despite its origins in Turkey, Bitexen has expanded its reach globally and is now widely recognized as a trusted and reliable cryptocurrency exchange.

Bitexen is a cryptocurrency exchange that prides itself on a seamless registration process and a low minimum deposit of only 1 Turkish lira. The platform offers top-notch security features and allows users to quickly convert Turkish Lira to and from fiat currency. Bitexen also provides traders with instant and pro trading features, as well as round-the-clock customer support. The exchange's proprietary coin, EXEN, is actively traded and offers various financial benefits to those who hold it in their account. Turkish traders can take advantage of the token to access lower fees and other exciting privileges.

Bitexen is a major player in the Turkish cryptocurrency exchange market, thanks to its exceptional feature of allowing trading of digital assets with the local currency, Turkish Lira (TRY). Although the daily trade volume is lower than most global exchanges, it's still a significant player in the Turkish crypto investment sector. Bitexen stands out for its straightforward registration process, low minimum deposit, and proprietary coin EXEN. The exchange is also reputed for providing top-notch security and customer support, which makes it the go-to choice among Turkish traders who put a high premium on these benefits.

Features

• Over 100+ supported assets

• Beginner-friendly interface

• Turkish lira is the only fiat

• Minimum deposit of 1 Turkish lira

Investment options

• The cryptocurrency exchange does not offer investment programs, and there is not even staking

Bitget

BitGet Review

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Bitget is a well-known cryptocurrency exchange located in Singapore. It was established in 2018 by Sandra Lou and has since become a top player in the industry. The exchange provides a comprehensive platform that allows users to trade over 250 digital assets and a wide variety of trading pairs. Bitget is highly regarded for its reliability and commitment to providing a secure and cost-effective one-stop trading solution for its users.

Bitget is a reputable exchange in Turkey that excels in derivatives trading volume and is widely known for its copy trading services by volume. Bitget offers several tokens for trading in both spot and futures markets, and it does not charge any deposit fees. The exchange has received regulatory approvals in Canada, the US, and Australia, which makes it a trustworthy platform for Turkish traders.

When selecting a cryptocurrency exchange in Turkey, it's worth noting that some exchanges may provide exclusive benefits and features that could be advantageous to certain Turkish traders. For instance, one exchange may offer two unique features that could sway your decision in favour of that exchange over another. Additionally, it's important to look out for other benefits, such as whether the exchange supports lira deposits and the Turkish language, as well as any other bonuses that may be available specifically for Turkish clients.

Features

• Up to 125x leverage

• Over 250+ supported assets

• Low Trading Fees

Investment options

• Margin trading

• Copy trading

• Demo trading

How to choose a crypto exchange in Turkey?

As a cryptocurrency trader or investor in Turkey, it is important to choose the right crypto exchange to efficiently buy, sell, and exchange cryptocurrencies. With so many exchanges to choose from, selecting the best one can be a daunting task. To make an informed decision, you should be aware of the factors you need to consider. According to experts at TradersUnion, here are some of the crucial aspects you should keep in mind while selecting the best crypto exchange in Turkey.

Security and Safety

Safeguarding your hard-earned funds from fraudulent individuals is a crucial concern. Therefore, selecting a secure and reliable Turkish cryptocurrency exchange is essential to prevent falling prey to these scam artists.

When selecting a cryptocurrency exchange, it's crucial to assess its security and reliability. This requires a careful analysis of various security measures available. Look for features such as regulatory compliance, two-factor authentication, regular security audits, and cold storage for coins. It's also recommended to check if the exchange has insurance coverage for users' funds to safeguard against hacks, theft, and other unexpected events. By taking these factors into account, you can ensure that your assets are safe and decrease the chances of becoming a victim of fraudulent activities.

User-Friendliness

Each cryptocurrency exchange has its own unique features. When looking for the perfect crypto exchange in Turkey, it's crucial to take into account its user-friendliness. Some online platforms have complicated interfaces that can be difficult for both new and experienced users. As a result, it's important to select an exchange that is user-friendly and easy to navigate.

Transaction Fees

Crypto exchanges usually have fees for using their services, but the amount charged varies depending on the platform. It's essential to consider the fees of the Turkish cryptocurrency exchange you're interested in and determine if they are reasonable. It's recommended to compare the fees of different exchanges and factor in other important considerations such as security and user-friendliness before making a decision. Choosing the lowest fees crypto exchange is a wise decision for a crypto trader.

Reputation

Selecting the ideal cryptocurrency exchange in Turkey for your transactions requires careful consideration of the exchange's reputation. Fortunately, there are numerous sources to learn about an exchange's reputation. You can request recommendations from people in your social circle who have used the platform before, such as friends and family.

It is highly advised to conduct extensive research before opting for a cryptocurrency exchange in Turkey. In addition to reviewing the exchange's official website, it is advisable to visit independent websites to peruse user feedback. Nevertheless, it is crucial to exercise caution when reading negative reviews and evaluate them objectively.

Supported Coins

When choosing a cryptocurrency exchange in Turkey, it's essential to note that some platforms support only a few common cryptocurrencies, while others have a more extensive range of coins available. As a result, it's crucial to factor in the variety of coins supported by an exchange and find one that caters to your specific interests.

Benefits for Turkish clients

Certain cryptocurrency exchanges provide unique benefits and features that may cater to specific Turkish traders. For instance, there are two special features that can potentially convince you to opt for one exchange over the other. It is important to evaluate the exchange for other advantages, such as whether it accepts lira deposits and offers support for the Turkish language. Additionally, it is recommended to check for any other bonuses that are available exclusively for Turkish clients.

How to buy crypto in Turkey?

If you're intrigued by the idea of investing in digital currencies like Bitcoin in Turkey, TU experts provide a straightforward and detailed guide to ensure a secure and lawful transaction:

• 1

  Choose a BRSA-approved exchange:
  Choose cryptocurrency exchanges that adhere to the regulations established by the Banking Regulation and Supervision Agency in Turkey

• 2

  Create and verify your account:
  To create an account, provide your email address, create a strong password, and complete the required KYC procedures by submitting valid identification documents and proof of your residential address

• 3

  Deposit TRY:
  You can fund your account using a variety of payment options such as bank transfer, BKM Express, debit/credit cards, and other Turkish payment methods

• 4

  Acquire cryptocurrency:
  To make a purchase, first choose the digital currency you prefer and specify the amount you wish to buy in either TRY or cryptocurrency. After that, you can proceed to validate the transaction

• 5

  Secure your investments:
  To enhance the security of your digital currencies, it is recommended that you transfer them to a cryptocurrency wallet

If you follow these steps and choose a trustworthy and regulated platform, you can easily and safely obtain cryptocurrencies in Turkey.

Does Crypto Exchanges Support Turkish Lira?

Certainly! Turkish lira deposit and withdrawal options are available on most cryptocurrency exchanges. Binance is one such exchange that offers convenient and speedy transactions through various payment methods, including Turkish lira deposits and withdrawals.

Is cryptocurrency regulated in Turkey?

Yes, in Turkey, the Capital Markets Board (CMB) is responsible for overseeing the regulation of cryptocurrency, serving as the financial markets regulator for the country.

Is crypto taxed in Turkey?

Turkey imposes a capital gains tax of up to 15% on cryptocurrency transactions. Any profit made from buying and selling cryptocurrencies is subject to this tax. In addition, businesses that trade cryptocurrencies may be liable to pay value-added tax (VAT). It's crucial to seek expert advice from a tax specialist regarding the tax implications of cryptocurrency trading in Turkey.

Is crypto halal?

Many traders in Turkey are wondering if cryptocurrencies are halal. Numerous Muslim scholars and public figures believe that certain elements of cryptocurrency violate Islamic law, but they also acknowledge that it can be utilised in a permissible manner. Bitcoin, a well-known digital currency, has gained widespread acceptance as a medium of exchange. If a Muslim utilises the currency to procure goods and services, the act is considered halal. However, staking the coins with a crypto broker for interest would be deemed haram.

Methodology for compiling our ratings of crypto exchanges

Traders Union applies a rigorous methodology to evaluate crypto exchanges using over 100 quantitative and qualitative criteria. Multiple parameters are given individual scores that feed into an overall rating.

Key aspects of the assessment include: